| Product Code: ETC5782776 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Republic of North Macedonia continued to rely on imports for HVDC converter stations, with top exporting countries being Croatia, Turkey, Slovenia, Serbia, and Germany. The market concentration, as indicated by the HHI, remained high in 2024. The impressive CAGR of 83.32% from 2020 to 2024 highlights the rapid expansion of the market. Additionally, the growth rate of 10.79% from 2023 to 2024 indicates sustained momentum in import shipments, underscoring the importance of these key exporting countries in meeting North Macedonia`s HVDC converter station needs.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Republic of Macedonia HVDC Converter Station Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia HVDC Converter Station Market - Industry Life Cycle |
3.4 Republic of Macedonia HVDC Converter Station Market - Porter's Five Forces |
3.5 Republic of Macedonia HVDC Converter Station Market Revenues & Volume Share, By Configuration, 2021 & 2031F |
3.6 Republic of Macedonia HVDC Converter Station Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Republic of Macedonia HVDC Converter Station Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Republic of Macedonia HVDC Converter Station Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in the Republic of Macedonia |
4.2.2 Government initiatives to improve energy infrastructure and efficiency |
4.2.3 Growth in cross-border energy transmission projects in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs for HVDC converter stations |
4.3.2 Regulatory challenges and uncertainties in the energy sector |
4.3.3 Limited skilled workforce and expertise in HVDC technology |
5 Republic of Macedonia HVDC Converter Station Market Trends |
6 Republic of Macedonia HVDC Converter Station Market Segmentations |
6.1 Republic of Macedonia HVDC Converter Station Market, By Configuration |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Monopolar, 2021-2031F |
6.1.3 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Bi-Polar, 2021-2031F |
6.1.4 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Back-to-Back, 2021-2031F |
6.1.5 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Multi-Terminal, 2021-2031F |
6.2 Republic of Macedonia HVDC Converter Station Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By LCC, 2021-2031F |
6.2.3 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By VSC, 2021-2031F |
6.3 Republic of Macedonia HVDC Converter Station Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Valve, 2021-2031F |
6.3.3 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Converter Transformer, 2021-2031F |
6.3.4 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Harmonic Filter, 2021-2031F |
6.3.5 Republic of Macedonia HVDC Converter Station Market Revenues & Volume, By Reactor, 2021-2031F |
7 Republic of Macedonia HVDC Converter Station Market Import-Export Trade Statistics |
7.1 Republic of Macedonia HVDC Converter Station Market Export to Major Countries |
7.2 Republic of Macedonia HVDC Converter Station Market Imports from Major Countries |
8 Republic of Macedonia HVDC Converter Station Market Key Performance Indicators |
8.1 Capacity utilization rate of existing HVDC converter stations |
8.2 Number of new HVDC projects approved or initiated in the Republic of Macedonia |
8.3 Average downtime of HVDC converter stations due to maintenance |
8.4 Percentage of energy transmission capacity through HVDC technology compared to traditional methods |
8.5 Level of investment in research and development for HVDC technology in the Republic of Macedonia |
9 Republic of Macedonia HVDC Converter Station Market - Opportunity Assessment |
9.1 Republic of Macedonia HVDC Converter Station Market Opportunity Assessment, By Configuration, 2021 & 2031F |
9.2 Republic of Macedonia HVDC Converter Station Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Republic of Macedonia HVDC Converter Station Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Republic of Macedonia HVDC Converter Station Market - Competitive Landscape |
10.1 Republic of Macedonia HVDC Converter Station Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia HVDC Converter Station Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |